EuroChem, a leading global agrochemical company, announced that its subsidiary Phosphorit has commenced the construction of a new high-tech ammonia plant in Kingisepp, Russia.
The Kingisepp ammonia plant will have a design capacity of 1 million tonnes per annum. In addition to the ammonia production facility, the project includes utilities and offsites, such as a warehouse for liquid ammonia. All Engineering, Procurement and Construction (EPC) work is expected to be completed within 36 months.
The company plans to invest approximately €900 million (US$1 billion) in the new project.
The new plant will include the latest technology for ammonia production, which is more efficient, environmentally sustainable, and in accordance with high industrial safety measures, and is anticipated to create additional jobs in the region. The project has received a positive assessment from the leading international expert organisations, in terms of its environmental and social impact, and industrial safety.
Commenting on the news, Dmitry Strezhnev, CEO of EuroChem, said: “We are pleased to have launched the construction of our new ammonia production facility in Kingisepp, which is expected to be brought online in 2018.”
“This project is part of EuroChem’s broader strategy to improve our level of self-sufficiency through greater control over our own raw materials base. The additional volumes of ammonia that the Kingisepp facility will have a direct, positive effect on the future efficiency and reliability of our fertiliser production. This will further strengthen our business, placing us at the forefront of global fertilizer production.”